by admin | Investing, Credit & Retirement, Retirement
Tip: Not Quite Anything. IRAs are free to invest in just about anything, except collectibles such as artwork, rugs, antiques, gems, stamps, and coins, for example.Traditional IRAs, which were created in 1974, are owned by roughly 31.1 million U.S. households. And Roth...
by admin | Investing, Credit & Retirement, Retirement
Tip: What’s in a Name? If you fail to name a beneficiary on your IRA, it may be much more difficult for your beneficiaries to ‘stretch’ the inherited IRA over their lifetimes.The Investment Company Institute reports that there is roughly $7.4...
by admin | Investing, Credit & Retirement, Retirement
Tip: Medicare beneficiaries spent an average of $4,734 out of pocket on health care in 2010, the most recent year for which figures are available. Forty-two percent of that went to premiums, 20% to long-term care facilities. Source: MedicareResources.org, October 24,...
by admin | Investing, Credit & Retirement, Retirement
Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the Web site, www.ssa.gov.Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you...
by admin | Investing, Credit & Retirement, Retirement
Tip: 20% of retirees are currently providing financial support to a relative or friend. Source: 2015 Retirement Confidence Survey, EBRIRetirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a...
by admin | Investing, Credit & Retirement, Retirement
Tip: Still Selling Strong. In 2015, investors purchased $236.7 billion in annuity contracts. Most of this capital—$133 billion—went into variable annuities. Source: LIMRA, 2016Individuals hold more than $2.0 trillion in annuity contracts; a tidy sum...
